Hello everyone! Today, we’re diving into some exciting news about AI transforming healthcare.

In just a few months, the AI startup Abridge has skyrocketed its valuation to $5.3 billion by securing a $300 million Series E funding round. This company specializes in creating AI tools for automating medical notes, making documentation faster and easier for healthcare providers.

Abridge’s early entry and seamless integration with Epic Systems have helped it dominate the crowded AI-powered medical scribe market. The company’s technology is already relied upon by over 150 of the largest health systems in the U.S., and its recent moves include expanding into converting medical notes into AI-generated medical codes, directly competing with other startups like CodaMetrix and Epic’s own features.